GLAD
Gladstone Capital
Portfolio Fair Value
$755.62M
105 holdings
Avg Spread
+7.99%
FV-weighted, debt
Avg Coupon
—
FV-weighted
% First Lien
3.8%
of debt FV
Unrealized P/L
+$4.48M
+0.60% of cost
Non-Accrual
4
text-detected
Balance sheet
Assets$775.09M
Liabilities + Equity$775.09M
First Lien
$28.43M · 3.7%
Other Debt
$631.49M · 81.5%
Other Debt
$631.49M · 81.5%
LP Interest
$210.6K · 0.0%
Equity
$89.38M · 11.5%
Equity
$89.38M · 11.5%
Other
$8.24M · 1.1%
Cash & Equivalents
$1.14M · 0.1%
Other Assets
$16.21M · 2.1%
Debt (Borrowings)
$319.67M · 41.2%
Debt (Borrowings)
$319.67M · 41.2%
Other Liabilities
$16.34M · 2.1%
Net Assets (Equity)
$439.08M · 56.6%
Net Assets (Equity)
$439.08M · 56.6%
Industry Composition
Diversified/Conglomerate Service
23.8%
Diversified/Conglomerate Manufacturing
21.5%
Aerospace and Defense
17.0%
Healthcare, Education, and Childcare
12.4%
Beverage, Food, and Tobacco
12.0%
Automobile
3.7%
Oil and Gas
2.9%
Cargo Transportation
2.6%
Personal and Non-Durable Consumer Products (Manufacturing Only)
1.8%
Machinery
0.8%
Telecommunications
0.5%
Printing and Publishing
0.5%
Other industries
0.3%
Spread Distribution
2.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
10.5%
11.5%
12.5%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
105 of 105
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
SpaceCo Holdings, LLC | Aerospace and Defense | Term Debt | $43.00M | $42.60M | $401.0K | — | +6.40% | — |
Antenna Research Associates, Inc. | Aerospace and Defense | Common Equity Units | $35.06M | $4.28M | $30.78M | — | — | — |
ALS Education, LLC | Healthcare, Education, and Childcare | Term Debt | $32.00M | $31.68M | $317.0K | — | +6.80% | — |
Antenna Research Associates, Inc. | Aerospace and Defense | Term Debt | $30.95M | $30.95M | $0.00 | — | +10.00% | — |
Springfield, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $30.00M | $30.00M | $0.00 | — | +10.10% | — |
Café Zupas | Beverage, Food, and Tobacco | Term Debt | $26.51M | $26.06M | $450.0K | — | +7.50% | — |
Leadpoint Business Services, LLC | Diversified/Conglomerate Service | Term Debt | $26.01M | $25.50M | $510.0K | — | +8.50% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing | Term Debt | $25.95M | $27.43M | -$1.48M | — | +7.00% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Term Debt | $23.08M | $23.01M | $70.0K | — | +8.00% | — |
ENET Holdings, LLC | Diversified/Conglomerate Service | Term Debt | $21.36M | $22.29M | -$925.0K | — | +7.30% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $20.65M | $20.31M | $342.0K | — | +7.10% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service | Term Debt | $20.25M | $20.22M | $29.0K | — | +7.60% | — |
RPM Freight Systems, LLC | Cargo Transportation | Term Debt | $20.00M | $20.00M | $0.00 | — | +7.70% | — |
Imperative Holdings Corporation | Oil and Gas | Term Debt | $18.95M | $18.65M | $305.0K | — | +9.80% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $18.68M | $18.50M | $185.0K | — | +7.50% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $18.38M | $22.03M | -$3.65M | — | +8.30% | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Term Debt | $16.96M | $17.59M | -$636.0K | — | +7.80% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense | Term Debt | $16.86M | $16.86M | $0.00 | — | +8.00% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Term Debt #1 | $16.31M | $16.28M | $22.0K | — | +6.50% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Term Debt #1 | $15.29M | $15.88M | -$596.0K | — | +8.00% | — |
Perimeter Solutions Group | Diversified/Conglomerate Service | Term Debt | $14.91M | $15.00M | -$87.0K | — | +8.50% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $14.88M | $14.48M | $408.0K | — | +6.50% | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service | Term Debt | $13.39M | $13.00M | $390.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile | Term Debt #1 | $12.27M | $12.25M | $20.0K | — | — | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $12.24M | $12.16M | $81.0K | — | +9.50% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Term Debt | $11.69M | $11.40M | $286.0K | — | +8.10% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service | Term Debt #1 | $11.25M | $11.30M | -$50.0K | — | +9.60% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare | Term Debt | $11.00M | $11.00M | $0.00 | — | +7.30% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $10.96M | $10.68M | $277.0K | — | +9.10% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service | Preferred Stock | $9.95M | $7.00M | $2.95M | — | — | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco | Preferred Equity | $9.45M | $7.00M | $2.45M | — | — | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco | Term Debt | $8.50M | $8.50M | $0.00 | — | +6.80% | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing | Common Units | $8.22M | $6.75M | $1.47M | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile | Term Debt | $7.26M | $7.26M | $0.00 | — | +9.60% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Delayed Draw Term Loan | $6.83M | $6.83M | $0.00 | — | +8.10% | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Term Debt | $6.72M | $9.78M | -$3.05M | — | +10.50% | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service | Term Debt | $6.50M | $6.50M | $0.00 | — | +6.90% | — |
Café Zupas | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $6.36M | $6.30M | $63.0K | — | +7.50% | — |
Arc Drilling Holdings LLC | Machinery | Term Debt | $6.24M | $6.22M | $19.0K | — | +11.50% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service | Preferred Stock | $5.12M | $3.84M | $1.28M | — | — | — |
Tailwind Smith Cooper Intermediate Corporation | Diversified/Conglomerate Manufacturing | Term Debt | $5.00M | $4.88M | $121.0K | — | +9.10% | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $4.17M | $4.17M | $0.00 | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile | Common Stock | $4.09M | $580.0K | $3.51M | — | — | — |
Sea Link International IRB, Inc. | Automobile | Term Debt #2 | $4.06M | $4.06M | $0.00 | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing | Common Equity Units | $3.93M | $500.0K | $3.43M | — | — | — |
8th Avenue Food & Provisions, Inc. | Beverage, Food, and Tobacco | Term Debt | $3.29M | $3.68M | -$388.0K | — | +7.90% | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service | Preferred Equity | $3.28M | $3.00M | $283.0K | — | — | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Line of Credit | $3.10M | $4.50M | -$1.40M | — | +10.50% | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt | $3.10M | $6.00M | -$2.90M | — | +2.00% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Term Debt #2 | $3.09M | $3.21M | -$120.0K | — | +8.00% | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $2.99M | $3.10M | -$113.0K | — | +7.80% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service | Term Debt #2 | $2.98M | $2.92M | $60.0K | — | +12.60% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Stock | $2.88M | $800.0K | $2.08M | — | — | — |
DKI Ventures, LLC | Diversified/Conglomerate Service | Term Debt | $2.69M | $5.92M | -$3.23M | — | — | — |
ENET Holdings, LLC | Diversified/Conglomerate Service | Line of Credit | $2.50M | $2.38M | $116.0K | — | +7.30% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Term Debt #2 | $2.44M | $2.40M | $40.0K | — | +7.50% | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare | Common Stock | $2.40M | — | — | — | — | — |
Imperative Holdings Corporation | Oil and Gas | Preferred Equity Units | $2.37M | $488.0K | $1.89M | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Line of Credit | $2.00M | $2.00M | -$1.0K | — | +8.00% | — |
SpaceCo Holdings, LLC | Aerospace and Defense | Line of Credit | $1.95M | $1.95M | -$2.0K | — | +6.40% | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco | Common Stock | $1.86M | $1.50M | $357.0K | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Line of Credit | $1.66M | $1.73M | -$65.0K | — | +8.00% | — |
GSM MidCo LLC | Healthcare, Education, and Childcare | Common Stock | $1.60M | $767.0K | $834.0K | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $1.50M | $2.25M | -$752.0K | — | — | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Line of Credit | $1.45M | $1.50M | -$54.0K | — | +7.80% | — |
GFRC 360, LLC | Buildings and Real Estate | Line of Credit | $1.36M | $1.35M | $4.0K | — | +8.00% | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco | Common Stock | $1.27M | $250.0K | $1.02M | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Line of Credit | $1.20M | $1.20M | $0.00 | — | +6.50% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing | Delayed Draw Term Loan | $1.11M | $1.10M | $11.0K | — | +6.50% | — |
Café Zupas | Beverage, Food, and Tobacco | Line of Credit | $1.06M | $1.05M | $11.0K | — | +7.50% | — |
GFRC 360, LLC | Buildings and Real Estate | Term Debt | $1.00M | $1.00M | $3.0K | — | +8.00% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing | Line of Credit | $988.0K | $978.0K | $10.0K | — | +6.50% | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $975.0K | $6.14M | -$5.17M | — | +5.50% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense | Common Equity | $962.0K | $1.00M | -$38.0K | — | — | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Preferred Stock | $913.0K | $500.0K | $413.0K | — | — | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing | Common Stock | $775.0K | $2.00M | -$1.23M | — | — | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service | Common Equity | $750.0K | $750.0K | $0.00 | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #1 | $681.0K | $1.32M | -$639.0K | — | +2.00% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Common Stock | $273.0K | $532.0K | -$259.0K | — | — | — |
Trowbridge Chicago, LLC | Diversified/Conglomerate Service | Term Debt | $255.0K | $254.0K | $1.0K | — | +7.00% | — |
Leeds Novamark Capital I, L.P. | Healthcare, Education, and Childcare | Limited Partnership Interest | $210.0K | — | — | — | — | — |
Sea Link International IRB, Inc. | Automobile | Preferred Stock | $210.0K | $98.0K | $112.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #2 | $167.0K | $323.0K | -$156.0K | — | +2.00% | — |
FES Resources Holdings LLC | Oil and Gas | Term Debt | $163.0K | $325.0K | -$162.0K | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco | Preferred Stock | $161.0K | $75.0K | $86.0K | — | — | — |
DKI Ventures, LLC | Diversified/Conglomerate Service | Line of Credit | $159.0K | $350.0K | -$191.0K | — | — | — |
Arc Drilling Holdings LLC | Machinery | Line of Credit | $150.0K | $150.0K | $0.00 | — | +11.50% | — |
Sea Link International IRB, Inc. | Automobile | Common Equity Units | $150.0K | $823.0K | -$673.0K | — | — | — |
Total Safety Holdings, LLC | Oil and Gas | Common Equity | $110.0K | $499.0K | -$389.0K | — | — | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing | Delayed Draw Term Loan | $100.0K | $100.0K | $0.00 | — | +7.00% | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service | Convertible Debt | $33.0K | $198.0K | -$165.0K | — | +6.00% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Common Stock | $32.0K | $2.00M | -$1.97M | — | — | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco | Common Warrant | $18.0K | — | — | — | — | — |
Arc Drilling Holdings LLC | Machinery | Common Stock | $0.00 | $1.50M | -$1.50M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Preferred Stock | $0.00 | $2.02M | -$2.02M | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing | Preferred Stock | $0.00 | $5.47M | -$5.47M | — | — | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing | Common Stock | $0.00 | $3.00M | -$3.00M | — | — | — |
FES Resources Holdings LLC | Oil and Gas | Preferred Equity Units | $0.00 | $6.35M | -$6.35M | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service | Preferred Stock | $0.00 | $500.0K | -$500.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate | Preferred Stock | $0.00 | $1.02M | -$1.02M | — | — | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing | Preferred Stock | $0.00 | $2.50M | -$2.50M | — | — | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Preferred Stock | $0.00 | $2.75M | -$2.75M | — | — | — |
FES Resources Holdings LLC | Oil and Gas | Common Equity Units | — | — | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service | Preferred Stock Warrant | — | — | — | — | — | — |
OCI, LLC | Diversified/Conglomerate Manufacturing | Common Units | — | — | — | — | — | — |
Disclosed holdings FV
$757.75M
Parsed holdings FV
$755.62M
Residual gap
$2.12M
Balance-sheet cash
$1.14M
CIK
0001143513
Accession
0001143513-24-000008
Form type
10-Q
Period
2024-06-30